Declines in retail activity for the third quarter of 2008 continued at a similar pace to the second quarter. The numbers here are based on registration data from 47 states, or 99 percent of the U.S. market, with three states not reporting. The total fiberglass market for all lengths was down 31.6 percent on 53,293…more
Earnings and Analysts
Quarterly earnings statements from public companies and periodic reports from analysts reveal the health and direction of the industry.
Gander Mountain Co. reported an increase in sales for the third quarter, due in part to the expansion of the company’s direct marketing business through Overton’s. The company reported sales of $269.9 million for the quarter ending Nov. 1, an increase of 4 percent from the prior-year period. Comparable store sales decreased 6.5 percent in…more
Gander Mountain Company had a 4 percent increase in sales for the third quarter of 2008, compared to the same period last year, according to the company. The company reported third-quarter consolidated sales of approximately $270 million compared to consolidated sales of $260 million for the comparable quarter of fiscal 2007. The retail segment sales…more
MarineMax today reported a decline in same-store sales for the quarter and the fiscal year, and a net loss for the fiscal year of more than $134 million. Revenue for the quarter was $165.6 million, compared to $318.2 million for the comparable quarter last year. Same-store sales declined approximately 45 percent compared to a 1…more
MarineMax will release its fourth quarter and fiscal 2008 financial results prior to the market open Nov. 11. The Clearwater, Fla.-based company will hold a conference call to review results at 10 a.m. (EST) that same day. Click here for information on accessing the call.
Garmin Ltd. said today that total revenue for the third quarter ending Sept. 27, was $870 million, up 19 percent from $729 million in the same period of 2007. In the marine segment, however, revenue decreased 8 percent to $44 million in the third quarter of 2008. Garmin reported diluted earnings per share of 82…more
Marine Products Corp., manufacturer of Chaparral and Robalo boats, this morning announced a decline in sales for the third quarter, which ended Sept. 30. For the quarter, Marine Products reported net sales of nearly $31.6 million, a 39.8 percent decrease compared to net sales of nearly $52.5 million in the same period last year. The…more
West Marine today reported a moderate decrease in sales and profits for the third quarter ended Sept. 27. Sales for the quarter were $180.2 million, compared to $188.4 million in the same period 2007, or a drop of 4.3 percent. Comparable store sales were down 4.7 percent. Adjusted net income was $4.8 million and 23…more
Brunswick Corp. today reported a 22 percent drop in net sales, driven by a 28 percent decline in marine sales. “These are tough times,” chairman and CEO Dustan McCoy said this morning in a conference call. “The marine market in the United States is becoming increasingly challenging due to difficult economic conditions, financial market upheaval,…more
Caterpillar Inc. reported record third-quarter sales and revenues of nearly $13 billion, 13 percent higher than the $11.4 billion reported in the 2007 quarter. “We are pleased to have set a new third-quarter sales and revenues record, particularly considering the recessionary conditions in North America and growing weakness in Europe and Japan,” chairman and CEO…more